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Thursday, March 10, 2011

Lira Snaps 3-Day Gain After Moody’s Spain Downgrade, Oil Rises - Businessweek

"Lira Snaps 3-Day Gain After Moody’s Spain Downgrade, Oil Rises
March 10, 2011, 4:37 AM EST

By Selcuk Gokoluk

March 10 (Bloomberg) -- The Turkish lira weakened, snapping a three-day rally, and stocks dropped after Spain’s rating was downgraded by Moody’s Investors Service and violence in Libya drove up oil prices."

More:Lira Snaps 3-Day Gain After Moody’s Spain Downgrade, Oil Rises - Businessweek